Location: Wednesbury, West Midlands
Property Type: Apartment (2 Bed)
Purchase Price: £85,000
Rental Income: £700pcm (existing)
Tenure: Leasehold
Status: Tenanted
Strategy: Buy To Let
This modern tenanted apartment in the Staffordshire town of Wednesbury is discounted from market comparables of £110,000 and at just £80k comes tenanted with a yield over 10%
With 130 years left on the lease the property has ground rent of £100 per annum and a service charge annually at £1,500 and can be brought by cash or finance.
In good condition with tenants in situ, this property is high returning in rental value from day one.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
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